This Macro Market Cycle Analysis Shows Bitcoin Will Soon Resume Uptrend
Bitcoin has consolidated in a tight $1,000 range since the start of September, at least until recently. The leading crypto-asset is in the midst of a breakout that has brought it as high as $11,500. As of this article’s writing, Bitcoin trades for $11,350, around 5% above where it was yesterday. Crucial market cycle analysis suggests that the crypto market has room to grow from here. The analysis suggests that within the next three months, […]
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Bitcoin has started to rally massively over recent weeks. BTC currently trades at multi-year highs near $16,000 and is signaling that it wants to break even higher. According to a macro analysis by crypto-asset trader Josh Rager, BTC is on the verge of an exponential uptrend. Rager noted that every time “Bitcoin has closed above the previous monthly all-time high,” a 700-1,000 percent uptrend followed suit. Bitcoin will need to close November’s monthly candle above […]
In the ongoing bull market cycle, Dogecoin has seen considerable upward movements reaching the $0.48 mark. Even though the dog-themed meme coin has since dropped to the $0.25 price level, it is likely to witness another bullish run, which could push DOGE to a new all-time high in this cycle. Major Uptrend For Dogecoin Draws […]
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Bitcoin price is in the middle of a pullback from its longer-term climb but might be ready to resume the uptrend if support holds. Bitcoin Price Key Highlights. Bitcoin price has been selling off in the past couple of days after breaking below a short-term rising trend line. The longer-term uptrend is still intact and bitcoin price is on its way to test a major support area. Technical indicators are suggesting that the uptrend could resume after this correction. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA so the path of least resistance is still to the....